Benchmarks lost out on their initial gains on Wednesday and ended in the red after corporate results dampened sentiment yet again. Also, the Federal Reserve’s announcement that the U.S. economy still needs a push to increase growth and improve the employment situation kept the cautious tone alive. As for economic data, new home sales increased during the month of September. The Dow Jones Industrial Average (DJI) slipped 0.2% to close the day at 13,077.42. The Standard & Poor 500 (S&P 500) lost 0.3% to finish yesterday’s trading session at 1,408.76. The tech-laden Nasdaq Composite Index dropped 0.3% to end at 2,981.70. The fear-gauge CBOE Volatility Index (VIX) dropped 2.7% to settle at 18.33. Total volumes on the New York Stock Exchange were roughly 3.38 billion shares. The decliners on the
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